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Presenters say "vote with your feet" data show unprecedented income inflows to Florida
Summary
Presenters from an organization called Unleashed Prosperity told the governor's event that Census and IRS data through 2022 show Florida gained the most people and roughly $1 trillion in cumulative adjusted gross income over the past decade, a claim the speakers framed as a historic transfer of wealth into the state.
At a Palm Beach event Governor DeSantis introduced economists who presented a study titled "Vote with your feet," which the presenters said tracks migration using Census and IRS data.
A presenter who identified himself as a founder or CEO of Unleashed Prosperity said the study found Florida has gained roughly the most people of any state over the last 10 years and — using the most recent IRS data available through 2022 — that Florida had received approximately $1,000,000,000,000 in cumulative adjusted gross income over that period. "That that is the biggest transfer of wealth into a state in the history of The United States," the presenter said in his prepared remarks.
Presenters contrasted Florida with Texas, saying the two states are similar in population gains but differ in income inflows; they also argued southern states broadly have become more economically dominant relative to the Northeast. The presenters credited factors including taxes and regulatory differences, and cited the absence of a state income tax as a competitive advantage.
The governor echoed the presentation's emphasis on incentives and migration and referenced Arthur Laffer'style arguments about tax rates and behavioral responses.
Notation: the $1 trillion figure and other numerical claims were presented by speakers citing IRS and Census data in the event; the article reports those claims as stated by presenters and notes the data window cited was through 2022. Independent verification of the cumulative-income calculation was not provided in the presentation.
